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Sinoer, Challenge and Dajin to list on SME board

Date: 2010-10-15

Sinoer (Stock Code: 002485), Challenge (Stock Code: 002486) and Dajin (Stock Code: 002487) will land on SME board on October 15, 2010.

 

Sinoer IPO volume is 50 million with the post-IPO share capital totaling 200 million, the offering price of 26.60 yuan per share, the raised funds expected up to 1.33 billion yuan. Challenge IPO volume is 52 million with the post-IPO share capital totaling 208 million, the offering price of 10.90 yuan per share, the raised funds expected up to 567 million yuan. Dajin IPO volume is 30 million with the post-IPO share capital totaling 120 million, the offering price of 38.60 yuan per share, the raised funds expected up to 1.158 billion yuan.

 

Sinoer Men’s Wear Co., Ltd. principally engages in the design, production and sale of suits, shirts and other garments bearing the brand “Sinoer”. In 2009, its operating income reached 850 million yuan with the net profit of about 111.0064 million yuan.

 

Shanghai Challenge Textile Co., Ltd. principally engages in the production and sale of high-end knitting dress materials, specializing in the production and sale of ready-to-wear knitting clothes. In 2009, its operating income reached 489 million yuan with the net profit of about 43.3266 million yuan.

 

Dajin Heavy Industry Corporation principally engages in the manufacturing and sale of power heavy equipment steel structure products. In 2009, its operating income reached 416 million yuan with the net profit of about 94.4757 million yuan.

 

Sinoer (002485), Challenge (002486) and Dajin (002487) will land on SME board on October 15, 2010.